Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

Need some fast cash? Let us approve your loan today!

November 28th, 2011. Filed Under: Uncategorized. Tags:

If you need some quick cash, and other sources have failed you
or you just dont want to put up with what it takes to borrow
money the traditional way today, maybe you should consider a
pawn shop loan.

Pawn loans are a time tested way to get some cash fast. The
pawn industry is one of the oldest financial institutions known
to man. We date back at least 3000 years and early pawnshops
became the foundation of the modern banking system. Don’t hold
that against us though. They got harder to deal with, we got easier.

All you need to get a pawn loan today is your item or items of
value, a valid state issued picture id, and a need for some quick cash.

We take Gold and diamond jewelry, Guns, coins, silver and gold coins
and bullion, and a whole lot more. If is valuable and marketable,
we probably can loan on it. We also buy your stuff if you just want
rid of it. Dont take chances just anywhere, Mid-South Pawn has been
loaning cash, buying your stuff, and exchanging your gold and diamonds
for cash since 1992.

Brian has been there since the start and has the skills and
experience to get you top dollar for your stuff!

Give us a call 865-882-7188 or Come on down Today!

Leave A Comment

Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

Long on stuff, short on cash?

November 23rd, 2011. Filed Under: Uncategorized. Tags:

Long on stuff, short on cash?

If you find yourself in this position, in need of some
quick cash, we can help!

Maybe you have never thought of going to a pawn shop for
your financial borrowing needs. Maybe you should.
Pawn shops can be a very convenient source of quick, and
private cash.

If you have items of value, you can cash in on them.
At Mid-South Pawn, there is NO credit limit, and
no credit check, bring more stuff to get more cash.

Cash is just sitting around the house, in the form of
unworn, broken or old jewelry, Fine sporting and
collectible firearms, Coins, Diamonds, Fine watches,
and lots more.

Come in or call us today, Bring in your stuff, even if
you dont know what it is. We can value it for you and
probably loan on it.

Remember to tell your friends about us, tell them to
mention your name, if they do, we will reward you for
it.

Every referral that results in a deal will earn
you a special reward, your choice of 10 percent off your
next purchase, $10 more on your next loan of $50 or more,
or a free 10 day extension of your due date.

like us on facebook for more specials and updates!

Leave A Comment

Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

Need some Green Cash for Black Friday?

November 19th, 2011. Filed Under: Uncategorized. Tags:

Need some Green Cash for Black Friday?

Planning on heading out to grab some of the black Friday deals coming
up? Need a little extra cash to shop till you drop with?

Make Mid South Pawn your first stop. We can help with plenty of extra
green cash for Black Friday deals. We loan cash on Gold, Guitars, Guns,
and just about anything else that will fit through the door!

Bring your stuff to us for cash. We will hold it for 30 days, you get cash
today. Come back in 30 days and its waiting on you, or pay a small fee
to extend the loan as long as you need to.

If you need extra cash during the holidays for whatever reason, we are
here for you. We want to be your one stop for quick, confidential cash.

We are always buying Gold, even if its broke or ugly. We buy diamonds
too. You can trade your old gold for something newer. We have a large
selection of beautiful gold and diamond jewelry at great prices.

You might just be able to find the deal you are looking for here, skip the
crowds. Cash and Christmas shopping all under one roof, how easy is that?

Come on down and see us today!

P.S. Make sure and come see us by 6pm Wednesday if you need cash for
Shopping. We are closed thanksgiving day to spend it with our families.

P.P.S. We open at 10 am on Friday, so come in Wednesday for Cash,
Stop by Friday after you hit the early bird deals.

Like us on facebook for more specials and info about whats happening
Down here at the Pawn Shop!

Happy Thanksgiving!

Leave A Comment

Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

Reality TV shows spawn American collectible craze

November 16th, 2011. Filed Under: Uncategorized. Tags: , , ,

Reality TV shows spawn American collectible craze

from USA Today.com

Admit it, you’re a dumpster diver at heart. Or at least you would be one if it were socially acceptable. Thanks to the popularity of trash-to-treasure reality TV shows, however, you no longer need to roll up your sleeves to get your bargain-hunting fix.

By Dan MacMedan, USA TODAY

Indeed, the show that started it all, Antiques Roadshow, which debuted in the U.S. some 15 years ago, has spawned a whole new breed of TV programming that uses blind bidding wars and junkyard jockeying to up the emotional ante on the thrill of the hunt.

Such shows, including A&E’s Storage Wars and the History Channel’s American Pickers and Pawn Stars, have frequently ranked among the top 10 cable shows on Nielsen Co.’s weekly TV ratings. (Storage Wars, in fact, in which teams of eccentric buyers make a blind bid on repossessed storage units, is the most popular series in A&E’s history.)

Their impact goes way beyond the ability to attract ad dollars, says Greg Dove of the National Flea Market Association, noting the reality-based programs have also helped level the playing field between serious collectors and the yard-sale set.

“It’s bringing in new faces, people from all economic strata,” says Dove. “We’re seeing more and more middle-class and upper-class folks coming to flea markets. Some are just curious, others are seeking collectibles and others are trying to stretch their dollar in a bad economy.”

Though no empirical data exist, Dove says the flea market industry, with estimated annual sales of $30 billion, has been energized by the renewed interest in antiques and collectibles.

“These shows are changing the misconception about what flea markets really are,” says Dove, noting vendors are anecdotally reporting stronger year-over-year sales across the board. “They’re small business incubators, where sellers with a business concept can get started without a lot of cash and buyers can find bargains on both vintage and new items.”

Emmett Murphy of National Pawnbrokers Association says the demographic of pawnshop clients nationwide has also changed since the successful launch of Pawn Stars in 2009.

“These TV shows have created a boom time for the pawn industry and really made pawnbrokers cool,” he says. “Our clients are becoming a little more affluent and we’re opening shops in more upscale neighborhoods, including Beverly Hills.”

Murphy adds the industry was “a little nervous” when the reality show first debuted, because it was the first time many Americans had stepped through the doors of a pawnshop.

“We didn’t know how they would receive us, but viewers love the rock-and-roll meets Antique Roadshow side of it,” he says.

Pawnbrokers offer short-term loans to clients based on the value of items they bring in and use as collateral. They also purchase collectibles, jewelry, and other items of value outright.

“In a down economy, people need a little hope that something they have, a gold bracelet, a cool item they inherited, could be used for cash or to borrow against it,” says Murphy.

Small businesses, he says, particularly restaurants which have trouble securing bank loans, are also turning to pawn shops more for short-term loans to get them through the next pay period.

Other venues are also benefiting from the uptick in demand for collectibles, however, namely online auction site eBay, which redefined the art of collecting when it went live in 1995.

In the third quarter of 2011, sales volume for its collectibles category reached $557 million, up 18% over the same three months in 2010, says Colin Sebastian, a senior analyst for Robert W. Baird & Co. asset management firm in San Francisco.

Its antiques and arts category posted sales of $263 million, up 17 percent over the third quarter last year; and coins and stamps hit $415 million, up 47% year-over-year (likely due to the skyrocketing price of gold.)

“It’s still a rough economy and I imagine there are still people trying to create some cash by selling things they have around the house,” says Sebastian, noting part of the category’s success stems from efforts by eBay to make its marketplace more appealing to buyers and sellers.

Live auction sites in the U.S. are also getting a bump from a new crop of buyers and sellers, especially those on the prowl for premium collectibles, such as fine wine and antique watches, says Keith Heddle, sales and marketing director for London-based Stanley Gibbons, which specializes in the $10 billion rare stamps market.

“There’s been a massive groundswell of auction activity in the U.S.,” says Heddle. “There’s definitely a reality TV frenzy surrounding live auctions, but which is fueling which isn’t totally clear.”

Based on the track record of former hit reality shows, it’s unclear how long trash-to-treasure programming will strike a chord with viewers, says Francois Lee of the New York-based media specialist agency MediaVest.

“It’s hard to find reality shows that can maintain momentum year over year,” he says. “The nature of these shows is that they have to keep finding a new formula.”

As such, their most lasting impact might just be the community they have created for buyers and sellers of tchotchke, Americana and other collectibles.

Leave A Comment

Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

Pawnshops help people in tough economic times

November 13th, 2011. Filed Under: Uncategorized. Tags: , , ,

Pawnshops help people in tough economic times

From healthycal.org

By Callie Shanafelt

Changes at local pawnshops give a small glimpse into how the recession is hurting the middle class.

Despite the Hollywood image of the seedy pawnshop full of stolen goods, pawnbrokers throughout California are now catering to higher income clientele.

This change is due in part to a rising need among the long-term unemployed who need cash to pay their bills, according to Emmett Murphy, spokesperson for the California Pawnbrokers Association.

They turn to pawnbrokers to borrow against valuable items they bought during better economic times.

They go to pawnshops like Numis International Inc. in the middle-class town of Millbrae near the San Francisco International Airport.

At first glance Numis International Inc. looks like a discount jewelry store.

“I have people who come in sometimes and say, ‘do you know where the pawnshop is?’” said Jacob Notowitz, Numis store manager. “And I’ll say yes, it’s right here.”

Notowitz has seen a steady increase and change in his customers during this period of long-term unemployment.

“Five years ago they were in excellent shape, and unfortunately they’ve run into hard times, and it’s taken them a long time to run out of their savings,” Notowitz said.

At the beginning of the recession, his average customer was in their 30s or 40s. “They were out of college and had a job, they were kind of the first to be let go,” Notowitz said.

Now his average customer is in their 40s or 50s, and many have never pawned anything before. “As the economy has maintained its downturn more people are coming in with higher quality merchandise that they need to borrow against,” Notowitz said.

Gordon Winter came in to pick up his 1978 Fender Precision bass guitar that he pawned four months ago. “I ran out of money. I didn’t have the means to make it to the end of the month,” said Winter. A former musician, Winter has been unemployed for the past three years after being laid off from his job at Xerox where he worked for six years.

Notowitz’s customers aren’t just the long-term unemployed. One recent customer was a construction contractor who borrowed fifteen thousand dollars to pay his employees. During good economic times he has enough money coming in from completed jobs to pay his employees for current projects. But today business is slow, so he has to borrow the money for his payroll for six months until his client pays for the project.

Sixty percent of the customers that walk through their door come into the shop to get a pawn loan. The process is pretty simple: customers bring in an item, the shop staff appraise the value and give the customer a cash loan for a little less then the item is worth. The loan is usually for a period of four months and the customer pays about 10 percent more in loan fees and finance charges to the shop for the loan. They can extend the loan by paying the fees and agreeing to a new loan with a new set of fees.

If they do not extend or repay, the shop keeps their item and resells it. But the pawnbroker doesn’t report the default to any credit agency and it does not affect customers’ credit score. Ninety-five percent of his customers return for their items or to extend the loan, Notowitz said.

While Notowitz loans out anywhere from twenty-five dollars to five hundred thousand dollars, the average loan they make in the shop is two or three hundred dollars.

California’s unemployment rate, which stands at 12.1 percent, is one-third higher than the national unemployment rate. As state and national politicians struggle to create jobs, the pawn industry continues to grow.

While politicians talk about the difficulty of creating jobs, Notowitz hired two new employees in the past two years.

Leave A Comment

Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

All That Glitters

November 9th, 2011. Filed Under: Uncategorized. Tags: , , ,

All That Glitters

Gold buyers have multiplied as prices soar, but who’s really profiting?

By Joe Rosen

The new American gold rush is on, though scarce is the prospector with a pan, shovel and pickaxe heading toward the virgin countryside to break dirt. Contemporary precious metal hunters are instead combing through dresser drawers, jewelry containers, boxes, buckets and other dusted receptacles stowed away in the neglected corners of their own households. And rising in conjunction with this new crop of domestic prospectors is a burgeoning industry of “cash for gold” precious-metal buyers, who are popping up in commercial neighborhoods, shopping malls, hotels, outdoor entertainment venues—even supermarkets.

Buyers say they’re helping the community by paying top dollar to consumers in need of cash. But some contend the business is tainted by dishonesty, while law enforcement says pervasive gold exchanges are spurring crime.

While gold and silver buying is nothing new—pawn shops, jewelers and coin collectors have long dealt in items made of precious metals—recent years have witnessed a boom in gold prices, and with it, an industry of merchants focusing strictly on acquiring the metals themselves, without consideration to craftsmanship.

In contrast to jewelers and traditional pawn brokers, who tend to sell precious metal in the form of jewelry and other trinkets, cash-for-gold merchants typically pool their takings and resell them, in bulk, as scrap metal.

“The bottom line is, what we buy is eventually being melted down,” says Steve Bernard, a buyer with the Exchange, a precious-metal shop that opened two months ago inside G&G Supermarket in Santa Rosa and Petaluma. “It can be a jewelry heirloom or broken pieces of metal—for us there’s no distinguishing. It’s all metal.”

Metals go to a refinery and then through multiple distributors after they leave a gold buyer, Bernard says, explaining that the metals commonly end up with manufacturers who use them in products such as decorative pieces, computer circuits, conductors for high-end audio/visual equipment and aeronautical parts.

The Exchange, which has no storefront except for a wooden imitation prospector’s cart that rests incongruously near the beeping checkout stands at G&G, fielded a steady stream of customers on a recent weekday.

Ed and Colleen Grant brought in sundry bits of jewelry and walked contentedly away with several hundred dollars. Ed said he’d previously sold four gold teeth that he found while cleaning the basement, 20 years after having them extracted.

“In the ’80s, gold was cool, but I don’t wear this anymore,” said 47-year-old contractor Kevin Cuellar, as he waited in line with a gold chain. “If I had more gold, I’d sell that, too.”

The reasons customers give for selling run the gamut, but, unsurprisingly, most cite financial hardship. Sky-high gold prices certainly help, coupled with widespread news reports trumpeting the revival of valuable metals. And then there’s the divorce rate.

“The most common thing we get, probably, is the defunct wedding ring,” Bernard says. “I just ended a nine-year thing myself, and I had a ring that said ‘Love Always’ from so-and-so, and I sold that. But times have changed, man. The last time I went through something like that, I just threw [my ring] in the bay.”

On another recent weekday, 25 people sat or milled around outside a conference room at the Hilton hotel in northern Santa Rosa, all waiting their turn for an appraisal by America’s Antique Roadshow, a precious-items purchasing company that conducts buys in hotels across the country. (This was one of two such shows occurring that same day in Santa Rosa alone; Secured Gold & Silver Buyers held a similar event at the Hyatt Vineyard Creek Hotel on Third Street). Kerry Vaassen, a buyer with America’s Antique Road Show, said her three-year-old troupe travels to hundreds of towns each year and averages about $250,000 in purchases at each stop.

A waiting list inside indicated that between 9am and 1pm, over 170 hopeful sellers had signed up; some weary guests professed to have been waiting an hour and a half for their turn. Among the items brought were gold and silver jewelry sets, old silver dollars, watches, vintage kitchenware and war memorabilia.

“I’m at an age where I realize I can’t keep all I have, and I’ve been selling the family jewels,” said 66-year-old Santa Rosa resident Marcia Singer, whose carry-in included silver goblets, a gold necklace and a two-dollar bill from 1870. Singer, a former nightclub entertainer and caregiver who was recently downsized, said she’d recently sold a diamond-studded gold ring for $2,600 to pay for dental work.

“A lot of us these days are selling a lot of stuff, but it’s questionable how many of us are educated enough or have the time to do the research on what the actual value of that stuff is,” Singer said. “It’s wrenching when you have to learn to surrender things that hold value in your life. I cried when I sold my ring, but after it was done I felt a real sense of freedom. You let go and you let go.”

Vaassen and an executive with Secured Gold & Silver Buyers both cited safety from criminals and low overhead as reasons for posting up in hotels instead of establishing permanent storefronts. Steven Segal, the owner of the Exchange, mentioned those same reasons for setting up inside a supermarket. “This is a community market where people are going to feel safe,” Segal said.

For some, the possibility of danger is more keenly felt. Cash for Gold, a downtown Santa Rosa storefront, was robbed at gunpoint in September. One buyer interviewed for this story says he keeps a shotgun at his store for protection.

Sgt. Michael Lazzarini, a detective with the Santa Rosa Police Department’s property crimes division, says two erstwhile gold-buying kiosks at the Santa Rosa Plaza have been targets of multiple after-hours burglaries.

One of the kiosks closed when the owner moved his business; the other, according to Lazzarini, was shut down in August after a police investigation found that customers weren’t filling out the paperwork required of all California pawn outfits. To help prevent and track the resale of stolen items, any type of pawn outfit must obtain certain information from sellers, including a driver’s license photocopy and fingerprint.

Lazzarini says local police departments have seen a surge in stolen jewelry reports over the past couple years, which he attributes to skyrocketing gold prices. The most popular stolen items used to be stereo equipment, firearms and money, but now, he says, “Jewelry is the primary motive for burglary,” he says.

“There are a lot of options out there to get rid of that stuff. Trying to keep tabs on all of it becomes very difficult. Before, we only licensed to bread-and-butter pawn shops; now we’ve got companies from all over the place. They might show up at a hotel, have a gold exchange in town and then they’re gone after a week—back to Wisconsin or something.”

Another unique problem for law enforcement with cash-for-gold is the impossibility of tracking metals once they’re reduced to scrap, which leaves police with a short window to investigate the whereabouts of stolen items, Lazzarini says. Complicating the problem further are sellers who recognize this loophole and smash their stolen jewelry into unidentifiable pieces before ridding themselves of the scraps, he adds.

Buyers interviewed in Santa Rosa and Petaluma profess to paying anywhere from 70–92 percent of gold’s “spot” (standard) value, which today is over $1,600 an ounce (it averaged $1,410 an ounce in 2010; $513 in 2005 and $273 in 2000). By comparison, pawn shops in San Rafael, Petaluma and Santa Rosa gave figures in the 25–60 percent range of standard prices. Gold buyers say they can pay more for precious metals because selling the accumulation as bulk scrap metal yields more money than just reselling individual trinkets.

An experiment by the Bohemian yielded a range of offers on a gold ring embedded with a tiny opal stone. (Purchased in 1999 for $200, the ring weighed about 2.95 grams, based on a conversion formula for the 1.9 “penny-weight” provided by the buyers.) Of the two cash-for-gold shops that appraised the ring, one offered $75 and the other $39, while a jeweler offered $81 and a pawn shop $45. The jeweler said the ring would retail for about $400.

Santa Rosa resident Kathe Close, one of 120 local gold enthusiasts belonging to a decades-old club called the Santa Rosa Gold Diggers, says she considers claims by gold buyers of paying 80–90 percent of spot prices “an outright lie.” Close says an appraisal she received two years ago on a gold necklace constituted less than half the gold buyer’s advertised percentage, adding that she’s heard similar stories from other Gold Diggers.

In contrast to the home-scrounging performed by modern-day gold sellers, the Santa Rosa Gold Diggers practice old-fashioned prospecting—mining, digging and sifting in various patches of California gold country to extract the precious ore, Close says.

The club’s most gung-ho prospectors camp out in gold country for weeks at a time and sometimes acquire up to $5,000 of gold inside a single month, Close says, adding that club members typically pool their findings and sell them to the same refineries utilized by cash-for-gold merchants (refineries will only purchase metals at a certain quantity). Close says the Gold Diggers typically get about

80 percent of spot value, adding that percentages paid by refineries typically vary depending on the amount of gold sold.

“A lot of these guys in our group are doubling what they made even four, five months ago,” Close explains. “These are guys who are really eager to share their techniques and help one another.”

As for the new American gold diggers—the ones scouring drawers, attics and boxes, and rushing to the nearest pop-up buyer? “People are desperate, and whatever price they get they’re saying, ‘Well, that’s better than nothing,'” Close says. “But they’re usually getting ripped off.”

Leave A Comment

Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

Ex-cop Turned Shop Owner Shares Pawn Stories

November 4th, 2011. Filed Under: Uncategorized. Tags: , , ,

From News Times Dot Com

John Pirro, Staff Writer

DANBURY– During his 10 years as a Waterbury police officer, Doug Mineo spent a fair amount of time in pawn shops and realized that business “fills a niche in society,” providing small, short-term loans that help people through tough times.

So when a bum knee forced the 50-year-old Plymouth resident into retirement a few years ago, opening a pawn shop seemed like a good idea.

“When somebody needs $50 to get them through the week, they can’t go to the bank for a loan,” said Mineo, who owns Hat City Pawn on Federal Road.

But they may have something of value — a laptop, tools, a camera or video games — that can serve as collateral so they can borrow a few bucks until their situation improves, he said.

“I had a vision of a shop based on honesty and integrity. If you’re going to do business in a community, you build it by doing the right thing,” Mineo said.

Pawn shops may be considered seedy and disreputable by some, he said, but in the year he has been in business he has collected a stack of letters from customers praising him for living up to his values.

One satisfied customer is Lenny Engelman, of Danbury, who a few months ago walked into Hat City Pawn with some of his wife’s old gold jewelry and a two large, silver-colored coins inherited from his father-in-law.

Mineo said he was concentrating mainly on the gold and only gave the coins a quick glance.

“I thought they were Eagles,” he said, referring to the one-ounce, silver bullion coins issued by the U.S. government. He paid Engelman $20 apiece for them.

“He called me back the next day,” Engelman said, “and he told me it was worth a couple of bucks more, so he asked me to come by the shop the next day so he could settle up.”

Assuming that the difference was only a few dollars, Engelman didn’t return immediately, so Mineo called him again the following day.

This time when Engelman went to the shop, he was surprised that Mineo counted out 10 $100 bills and placed them in his hand.

“He said, `I didn’t realize the coin was platinum,’” Engelman said. “He could have sold it for $1,200, and I would be none the wiser. But in this day and age, it was nice to meet someone who did the right thing.”

Other letters — with copies sent to the Police Department, which monitors the operations of all the pawn shops in the city — describe how Mineo helped the writers recover items that had gone missing from their homes.

In one, a Brookfield man recounts how Mineo returned two expensive guitars that had been taken in a burglary.

The man visited area pawn shops after discovering the theft and provided the staff with descriptions of a Les Paul guitar with a broken toggle switch and a brand-new red Fender bass.

So Mineo was prepared when two teenagers walked into his shop and tried to sell the instruments.

After opening the first case and finding the Les Paul, Mineo placed it behind the counter and waited as one of the teens placed the second case in front of him, unopened.

“I said, `This must be the red Fender bass.’ You should have seen their faces,” he laughed.

Mineo kicked them out of the store with a stern lecture, and they were later arrested by police. But the bottom line, he said, was the guitars ended up with their rightful owner.

Contact John Pirro

at jpirro@newstimes.com or 203-731-3342.

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